Frontier appoints Newmark to manage its real-estate portfolio

Frontier (FYBR) announced it appointed Newmark (NMRK) to manage its real-estate portfolio. Newmark’s leading-edge, real-estate technology platform, Newlitic, and market expertise will help Frontier further streamline operations and identify cost savings opportunities. "As we advance our purpose of Building Gigabit America, simplifying our real-estate portfolio represents an important opportunity to reduce our cost structure and improve the sustainability of our footprint," said Scott Beasley, Frontier’s Chief Financial Officer. "We’re excited to partner with Newmark to use their technology and experience to accelerate our real-estate transformation."